CPIA financial sector rating (1=low to 6=high) by country

The CPIA measures the extent to which a country’s policy and institutional framework supports sustainable growth and poverty reduction, and consequently the effective use of development assistance. The outcome of the exercise yields both an overall score and scores for sixteen criteria that compose the CPIA. These...

Countries reporting
85
Highest
4 1=low to 6=high
Armenia, Republic of
Lowest
1 1=low to 6=high
Eritrea, The State of
Median
3 1=low to 6=high
Years covered
21
2005–2025
Data points
2,443

What the numbers show

CPIA financial sector rating (1=low to 6=high) is currently reported for 85 countries. The highest value is 4 1=low to 6=high in Armenia, Republic of; the lowest is 1 1=low to 6=high in Eritrea, The State of.

The median across all reporting countries is 3 1=low to 6=high, and the mean is 2.84 1=low to 6=high.

The gap between the highest and lowest reporting country is a factor of about 4.

Over the past decade 17 countries rose and 26 fell. The largest increase was in Tajikistan, Republic of (up 66.7%), and the largest decrease in Niger (down 50.0%).

CPIA financial sector rating: full country ranking

#Country LatestYear 10-year changeTrend
1 Armenia, Republic of 4 1=low to 6=high 2013 up 14.3% rising
1 Fiji, Republic of 4 1=low to 6=high 2025 up 14.3% rising
1 Nepal 4 1=low to 6=high 2025 up 14.3% rising
1 Rwanda 4 1=low to 6=high 2025 up 14.3% rising
1 Kosovo 4 1=low to 6=high 2025 up 14.3% rising
6 Bosnia and Herzegovina 3.5 1=low to 6=high 2013 down 12.5% falling
6 Côte d'Ivoire 3.5 1=low to 6=high 2025 up 16.7% rising
6 Cabo Verde 3.5 1=low to 6=high 2025 unchanged falling
6 Dominica 3.5 1=low to 6=high 2025 unchanged falling
6 Georgia 3.5 1=low to 6=high 2013 unchanged flat
6 Ghana 3.5 1=low to 6=high 2025 up 16.7% falling
6 Grenada 3.5 1=low to 6=high 2025 unchanged falling
6 Guyana 3.5 1=low to 6=high 2025 unchanged flat
6 Honduras 3.5 1=low to 6=high 2025 unchanged rising
6 India 3.5 1=low to 6=high 2013 down 12.5% falling
6 Kenya 3.5 1=low to 6=high 2025 down 12.5% falling
6 Kyrgyz Republic 3.5 1=low to 6=high 2025 up 16.7% falling
6 St. Lucia 3.5 1=low to 6=high 2025 up 16.7% falling
6 Malawi 3.5 1=low to 6=high 2025 up 16.7% rising
6 Pakistan 3.5 1=low to 6=high 2025 unchanged falling
6 Senegal 3.5 1=low to 6=high 2025 unchanged flat
6 Tonga 3.5 1=low to 6=high 2025 up 16.7% rising
6 Tanzania, United Republic of 3.5 1=low to 6=high 2025 unchanged falling
6 Uganda 3.5 1=low to 6=high 2025 unchanged flat
6 Samoa 3.5 1=low to 6=high 2025 unchanged falling
6 Zambia 3.5 1=low to 6=high 2025 unchanged rising
27 Azerbaijan, Republic of 3 1=low to 6=high 2010 unchanged rising
27 Burundi 3 1=low to 6=high 2025 unchanged falling
27 Benin 3 1=low to 6=high 2025 unchanged falling
27 Burkina Faso 3 1=low to 6=high 2025 unchanged flat
27 Bolivia 3 1=low to 6=high 2015 down 14.3% falling
27 Bhutan 3 1=low to 6=high 2025 unchanged flat
27 Cameroon 3 1=low to 6=high 2025 unchanged flat
27 Djibouti 3 1=low to 6=high 2025 unchanged falling
27 Ethiopia, The Federal Democratic Republic of 3 1=low to 6=high 2025 unchanged flat
27 Guinea 3 1=low to 6=high 2025 up 20.0% flat
27 Cambodia 3 1=low to 6=high 2025 unchanged rising
27 Liberia 3 1=low to 6=high 2025 up 20.0% rising
27 Sri Lanka 3 1=low to 6=high 2025 down 14.3% falling
27 Lesotho, Kingdom of 3 1=low to 6=high 2025 unchanged falling
27 Madagascar, Republic of 3 1=low to 6=high 2025 up 20.0% falling
27 Maldives 3 1=low to 6=high 2025 unchanged falling
27 Mali 3 1=low to 6=high 2025 unchanged rising
27 Nigeria 3 1=low to 6=high 2025 down 14.3% falling
27 Papua New Guinea 3 1=low to 6=high 2025 down 14.3% flat
27 Solomon Islands 3 1=low to 6=high 2025 unchanged flat
27 Togo 3 1=low to 6=high 2025 up 20.0% rising
27 Uzbekistan, Republic of 3 1=low to 6=high 2025 unchanged rising
27 St. Vincent and the Grenadines 3 1=low to 6=high 2025 down 14.3% falling
27 Vietnam 3 1=low to 6=high 2015 unchanged flat
27 Vanuatu 3 1=low to 6=high 2025 unchanged flat
27 Zimbabwe 3 1=low to 6=high 2025 unchanged rising
35 Least developed countries 2.58 1=low to 6=high 2025 down 6.1% falling
53 Angola 2.5 1=low to 6=high 2013 unchanged flat
53 Central African Republic 2.5 1=low to 6=high 2025 unchanged flat
53 Congo, Democratic Republic of the 2.5 1=low to 6=high 2025 unchanged rising
53 Congo, Republic of 2.5 1=low to 6=high 2025 down 16.7% falling
53 Comoros, Union of the 2.5 1=low to 6=high 2025 unchanged falling
53 Micronesia, Federated States of 2.5 1=low to 6=high 2025 unchanged flat
53 Gambia, The 2.5 1=low to 6=high 2025 unchanged falling
53 Lao People's Democratic Republic 2.5 1=low to 6=high 2025 up 25.0% rising
53 Moldova 2.5 1=low to 6=high 2019 down 28.6% falling
53 Mozambique, Republic of 2.5 1=low to 6=high 2025 down 28.6% falling
53 Mauritania, Islamic Republic of 2.5 1=low to 6=high 2025 unchanged flat
53 Sierra Leone 2.5 1=low to 6=high 2025 down 16.7% falling
53 São Tomé and Príncipe, Democratic Republic of 2.5 1=low to 6=high 2025 unchanged flat
53 Tajikistan, Republic of 2.5 1=low to 6=high 2025 up 66.7% falling
53 Timor-Leste, Democratic Republic of 2.5 1=low to 6=high 2025 unchanged flat
68 Bangladesh 2 1=low to 6=high 2025 down 20.0% falling
68 Guinea-Bissau 2 1=low to 6=high 2025 down 20.0% falling
68 Haiti 2 1=low to 6=high 2025 down 33.3% falling
68 Kiribati 2 1=low to 6=high 2025 down 20.0% falling
68 Marshall Islands, Republic of the 2 1=low to 6=high 2025 unchanged falling
68 Mongolia 2 1=low to 6=high 2019 unchanged falling
68 Nicaragua 2 1=low to 6=high 2025 down 33.3% falling
68 Somalia 2 1=low to 6=high 2025 unchanged flat
68 South Sudan, Republic of 2 1=low to 6=high 2025 down 20.0% falling
68 Tuvalu 2 1=low to 6=high 2025 down 20.0% falling
78 Afghanistan, Islamic Republic of 1.5 1=low to 6=high 2025 down 25.0% falling
78 Myanmar 1.5 1=low to 6=high 2025 down 40.0% falling
78 Niger 1.5 1=low to 6=high 2025 down 50.0% falling
78 Sudan 1.5 1=low to 6=high 2025 down 40.0% falling
78 Chad 1.5 1=low to 6=high 2025 down 40.0% falling
78 Yemen, Republic of 1.5 1=low to 6=high 2025 down 25.0% falling
84 Eritrea, The State of 1 1=low to 6=high 2025 unchanged falling

Regions and income groups

Aggregates are excluded from the country ranking above so that a region can never outrank a country.

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CPIA financial sector rating by country. Statizoid, drawing on CPIA database, World Bank Group (WBG). Retrieved 18 August 2026, from https://public-sector.statizoid.com/stat/cpia-financial-sector-rating-1-low-to-6-high/

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About this data

Indicator
CPIA financial sector rating (1=low to 6=high)
Unit
1=low to 6=high
Source
CPIA database, World Bank Group (WBG)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
126 places, 2,443 data points, 2005–2025
Last refreshed

The CPIA measures the extent to which a country’s policy and institutional framework supports sustainable growth and poverty reduction, and consequently the effective use of development assistance. The outcome of the exercise yields both an overall score and scores for sixteen criteria that compose the CPIA. These criteria include: A. Economic Management (1. Monetary and Exchange Rate Policies; 2. Fiscal Policy; 3. Debt Policy and Management), B. Structural Policies (4. Trade; 5. Financial Sector; 6. Business Regulatory Environment), C. Policies for Social Inclusion/Equity (7. Gender equality; 8. Equity of public resource use; 9. Building human resources; 10. Social protection and labor; 11. Policies and institutions for environmental sustainability), D. Public Sector Management and Institutions (12. Property rights and rule-based governance; 13. Quality of budgetary and financial management; 14. Efficiency of revenue mobilization; 15. Quality of public administration; 16. Transparency, accountability, and corruption in the public sector). The financial sector criterion assesses the policies and regulations that affect financial sector development. Three dimensions are covered: (a) financial stability; (b) the sector’s efficiency, depth, and resource mobilization strength; and (c) access to financial services.